India's third largest software services exporter Wipro today said its net profit rose by 27 per cent to Rs 2,010 crore for the third quarter ended December 31 on the back of growth in infrastructure services business and improved efficiency.

The city-headquartered Wipro's revenues rose by 18 per cent to Rs 11,330 crore in the October-December quarter of this fiscal compared to the year-ago period, it said in a release.

The company added that its net profit of Rs 2,010 crore (USD 325 million) also includes a non-recurring expense incurred due to the cessation of manufacturing Wipro branded desktop, laptops and servers.

Commenting on the performance, Wipro Chairman Azim Premji said: "As the global economy is progressing towards stability, we see optimism amongst clients, especially in the West."

Corporations are leveraging technology to reduce operational costs and investing resources in differentiating themselves in the marketplace, he added.

Wipro's IT services revenue stood at USD 1.68 billion, a y-o-y increase of 6.4 per cent.